The Cost of Insuring Your Car in Tampa, FL, is $2,163

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Tampa is a major city located on the West Coast of Florida in Hillsborough County. According to the census of 2010, it has a population of around 400,000. The median household income is around $50,000, while the per capita income is $34,000. The average cost of auto insurance in Tampa is $2,163. This is almost the same as the cost of auto insurance in Temple Terrace, Lake Magdalene, and Carrollwood. Several factors affect the cost of auto insurance in this city. Some of them are listed below.

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Deductibles:

A high deductible leads to a decrease in the cost of auto insurance, while a low deductible leads to an increase. For example, the cost of auto insurance for a low deductible of say $500 is $1,223, while this goes down to $1,033 when the rate of the deductible is $1,000. 

Age of the Driver:

The cost of auto insurance is always high for teenagers. This is mainly because they lack driving experience, and hence the risk undertaken by auto insurance companies is higher. In Tampa, the cost of auto insurance for a teenager is $7,019. This is more than double the rate of auto insurance paid by a 20-year-old in Tampa. Auto insurance in Tampa is the cheapest for 50 and 60-year-old car owners. The cost of auto insurance for the former is $1,907, while it is $1,934 for the latter.

Neighborhood:

The neighborhood one lives in also determines the cost of auto insurance in Tampa. This depends on factors such as the rate of auto thefts in the neighborhood. Zimlon offers the option of keying in one’s zip code to get accurate auto insurance quotes from multiple auto insurance companies.

Credit Score:

The credit Score of a driver is another crucial factor in determining the cost of auto insurance in Tampa. Car owners with an exceptional credit score, ranging between 800 and 850, will find auto insurance to be cheaper for them, at $1,856. Car owners with a poor or average credit score will find auto insurance to be much more expensive for them, at $2,941 and $3,528, respectively.